I am writing in response to Alex Stephens’ editorial from the Collegian on Nov. 5 titled, “Recycling no match for hyper consumption.” Stephens says hyper capitalism is to blame for all the environmental disasters we hear about every day.
He says we are in an age of hyper consumerism which leads to all of us using up earth’s natural resources. Stephens goes on to ask what would happen if all 350 million Americans wanted a new cell or a gallon of milk all at once. Well, one thing is for sure if this kind of demand hits the market: Prices will skyrocket, which will naturally reduce demand. Price structures in free markets act as a natural regulation for limited, scarce resources.
Despite this, I agree that we have environmental problems today. But as Congressman Ron Paul, R-Texas, says, “To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political spectrums. One may condemn the fraud and the current system, but it must be called by its proper names – Keynesian inflationism, interventionism and corporatism.”
Therefore, Stephens should be arguing for capitalism and against our current system of corporatism.
Political Science major